Dear Sir,
My wives grandmother has a property in which there are legal heirs 9 persons. Of these nine persons My wife and her 2 sisters wants to sell of their portion of the property . The sale of their portion of the property is being done by signing of all the 9 legal heirs at the register office.
My wife and her two sisters will get Rs.700000/- each as their share of the property. ( Rs.2100000/- divided in to three) Will this amount attract Capital gains tax in the hands of the three individuals. This is not an asset accuired by them . They do not have any other immovable asset with them and they are going to utilise this money for buying a residence for them in chennai. Kindly enlighten me about the provisions of capital gains tax in this issue . With kind regards Suresh.C
sir i m a CA FINAL student.nd i have done my B.COM as well so now i want to do CS also.
so sir plzz let me know should i go 4 it or i should concentrate in CA only beause my aim is to get rank in final.
Dear Sir,
Can any one tell clarification for the following Question.
I am going to start a company in Tamilnadu(sec-25 Company).
In this regard,If I am approaching a CA outside of the state,
Can he operataes and manage from His place for my company(like all Tax oriented problems and audits and other services)?
Regards
Sabarinathan.S
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Meena Kumari J.
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Capital gains tax on a property inherited from grandmother